Federated Hermes Inc. Sells 403,003 Shares of Realty Income Co. (NYSE:O)

Federated Hermes Inc. cut its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,820,130 shares of the real estate investment trust's stock after selling 403,003 shares during the quarter. Federated Hermes Inc. owned approximately 0.21% of Realty Income worth $97,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Centiva Capital LP acquired a new stake in shares of Realty Income in the 3rd quarter worth about $406,000. Quantinno Capital Management LP boosted its position in shares of Realty Income by 27.8% during the third quarter. Quantinno Capital Management LP now owns 62,286 shares of the real estate investment trust's stock valued at $3,950,000 after buying an additional 13,553 shares during the last quarter. Wellington Management Group LLP grew its holdings in Realty Income by 0.7% during the third quarter. Wellington Management Group LLP now owns 184,524 shares of the real estate investment trust's stock worth $11,703,000 after buying an additional 1,194 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Realty Income in the 3rd quarter valued at $201,000. Finally, EP Wealth Advisors LLC lifted its stake in Realty Income by 12.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 43,936 shares of the real estate investment trust's stock valued at $2,786,000 after acquiring an additional 4,935 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on O. Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and an average price target of $62.42.

Realty Income Trading Down 0.8 %

NYSE:O traded down $0.46 during trading hours on Thursday, reaching $53.52. The company's stock had a trading volume of 4,028,158 shares, compared to its average volume of 5,788,617. The firm has a 50-day simple moving average of $55.86 and a 200-day simple moving average of $56.82. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of 50.97, a PEG ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is 328.57%.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.